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Canadian (TSX) Utilities Sector Analysis

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies28
  • 7D2.4%
  • 3M-3.1%
  • 1Y-15.4%
  • YTD-4.2%

Over the last 7 days, the Utilities industry has risen 2.4%, driven by gains from Brookfield Renewable of 9.9%. In contrast, the industry has lost 15% in the last 12 months. Looking forward, earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

Has the Canadian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024CA$137.4bCA$80.6bCA$6.3b13.9x22x1.7x
Sat, 30 Mar 2024CA$140.9bCA$80.7bCA$6.3b14x22.4x1.7x
Mon, 26 Feb 2024CA$140.9bCA$82.0bCA$5.7b14.7x24.7x1.7x
Wed, 24 Jan 2024CA$147.7bCA$85.4bCA$8.7b14.5x16.9x1.7x
Fri, 22 Dec 2023CA$146.6bCA$85.2bCA$8.7b14.3x16.8x1.7x
Sun, 19 Nov 2023CA$146.6bCA$85.7bCA$8.8b14.7x16.7x1.7x
Tue, 17 Oct 2023CA$137.8bCA$85.1bCA$6.8b14x20.3x1.6x
Thu, 14 Sep 2023CA$147.4bCA$85.1bCA$6.8b14.7x21.8x1.7x
Sat, 12 Aug 2023CA$149.4bCA$84.9bCA$6.8b14.3x22.1x1.8x
Mon, 10 Jul 2023CA$153.9bCA$85.3bCA$7.9b14.3x19.4x1.8x
Wed, 07 Jun 2023CA$161.6bCA$85.4bCA$8.0b14.7x20.3x1.9x
Fri, 05 May 2023CA$164.7bCA$84.3bCA$7.6b16.4x21.6x2x
Sun, 02 Apr 2023CA$163.4bCA$82.8bCA$7.2b16.2x22.8x2x
Tue, 28 Feb 2023CA$150.6bCA$81.5bCA$7.3b17.1x20.7x1.8x
Thu, 26 Jan 2023CA$157.5bCA$79.2bCA$6.0b18x26.4x2x
Sat, 24 Dec 2022CA$151.6bCA$79.5bCA$6.0b17.4x25.3x1.9x
Mon, 21 Nov 2022CA$153.5bCA$79.0bCA$6.6b18.7x23.2x1.9x
Wed, 19 Oct 2022CA$156.3bCA$76.0bCA$5.9b20.3x26.5x2.1x
Fri, 16 Sep 2022CA$181.0bCA$75.3bCA$5.8b21.5x31.1x2.4x
Sun, 14 Aug 2022CA$184.4bCA$74.6bCA$5.9b23x31.4x2.5x
Tue, 12 Jul 2022CA$173.4bCA$68.4bCA$4.2b26.7x41.6x2.5x
Thu, 09 Jun 2022CA$176.7bCA$68.0bCA$4.2b27.2x42.4x2.6x
Sat, 07 May 2022CA$174.4bCA$67.3bCA$3.6b28.7x48.5x2.6x
Mon, 04 Apr 2022CA$181.7bCA$64.8bCA$4.3b31.3x42.1x2.8x
Wed, 02 Mar 2022CA$169.1bCA$63.3bCA$4.9b19.5x34.6x2.7x
Fri, 28 Jan 2022CA$161.9bCA$62.1bCA$2.7b22.6x60.3x2.6x
Sun, 26 Dec 2021CA$170.1bCA$62.2bCA$2.7b22.6x63.3x2.7x
Tue, 23 Nov 2021CA$168.7bCA$62.1bCA$2.7b20.7x62.6x2.7x
Thu, 21 Oct 2021CA$167.9bCA$59.3bCA$1.5b20.2x112.8x2.8x
Sat, 18 Sep 2021CA$172.6bCA$59.7bCA$1.4b20x122.7x2.9x
Mon, 16 Aug 2021CA$171.7bCA$59.4bCA$1.5b21.3x118.2x2.9x
Mon, 31 May 2021CA$165.4bCA$57.8bCA$2.0b19.9x83.7x2.9x
Price to Earnings Ratio

83.8x


Total Market Cap: CA$165.6bTotal Earnings: CA$2.0bTotal Revenue: CA$57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 42.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.0x which is lower than its 3-year average PE of 42.1x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 47% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Utilities sector?

CA Market-0.54%
Utilities2.44%
Renewable Energy5.52%
Electric Utilities1.24%
Other Utilities0.96%
Gas Utilities0.10%
Water Utilities0%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 160.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 8.1% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BEPC Brookfield RenewableCA$35.399.9%
+CA$1.2b		-20.8%PS2.1x
H Hydro OneCA$38.632.1%
+CA$467.3m		-3.4%PE21.3x
FTS FortisCA$54.361.3%
+CA$350.0m		-10.1%PE17.5x
BLX BoralexCA$28.924.9%
+CA$138.7m		-26.5%PE38.1x
AQN Algonquin Power & UtilitiesCA$8.601.7%
+CA$96.6m		-27.6%PE212.2x
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1Y

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EMA

CA$46.48

Emera

7D

-0.3%

1Y

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NPI

CA$21.37

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7D

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1Y

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CU

CA$30.43

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7D

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1Y

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ACO.X

CA$37.61

ATCO

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2.0%

1Y

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ARR

CA$9.25

Altius Renewable Royalties

7D

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1Y

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ALA

CA$30.13

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SPB

CA$9.47

Superior Plus

7D

1.4%

1Y

-1.0%

H

CA$38.63

Hydro One

7D

2.1%

1Y

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AQN

CA$8.60

Algonquin Power & Utilities

7D

1.7%

1Y

-27.6%

BLX

CA$28.92

Boralex

7D

4.9%

1Y

-26.5%

MXG

CA$4.35

Maxim Power

7D

-1.1%

1Y

13.0%

CH

CA$0.075

Charbone Hydrogen

7D

-21.1%

1Y

0%